Cowen & Co. analyst Krish Sankar maintained a Buy rating on Kla-Tencor Corp (KLAC) yesterday and set a price target of $130. The company’s shares closed yesterday at $105.98.
According to TipRanks.com, Sankar is ranked #1227 out of 5129 analysts.
Kla-Tencor Corp has an analyst consensus of Strong Buy, with a price target consensus of $132.67, a 25.2% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $129 price target.
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Based on Kla-Tencor Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $396 million. In comparison, last year the company had a GAAP net loss of $134 million.
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KLA-Tencor Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, KT pro equipment, and compound semiconductors.
